Saturday, April 1, 2017

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For Jerry55 and Ernie...as promised here is my 3 DT on AKTX from yesterday.  For my first pullback entry indicators I use the 8 EMA, LOW (measures the low bar of the EMA, so in theory, if the stock rises above the line, it indicates a higher low or a reversal), the MACD histogram and the Elder Impulse signal.  Depending on how fast the stock is moving I either use the 2 or 5 min chart.  And most importantly, I follow HB's guidance on STOPS and Targets.  The setup also works well for swings, I just use the daily chart.   Does it work every single time? The answer is no, but if I follow the process, and apply the proper risk management, it is pretty reliable. The key is " a consistent  you = consistent winning trades"  My problem is I always get in the way of that formula.  A busy chart (follow the 1,2,3) but I hope this helps and let me know if you have any questions.



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